On November 20, 2006, James M. Cornelius, a member
of the Board of Directors of The Chubb Corporation

(Chubb),
notified Chubb of his decision to resign from Chubbs Board of
Directors. His resignation will take
effect as of December 31, 2006. Mr.
Cornelius serves on the Executive Committee of the Board of Directors and is
the Chairman of the Audit Committee.
Mr. Cornelius informed Chubb that his resignation was due to the
demands of his position as the Interim CEO of Bristol-Myers Squibb, which he
assumed as of September 12, 2006, and work-related travel commitments.

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SIGNATURES

Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.